Devaluation/Definition: Difference between revisions
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imported>Nick Gardner (Created page with "<noinclude>{{Subpages}}</noinclude> A policy-induced downward adjustment to a country's currency exchange rate. The term is normally applied to action to improve its internat...") |
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Latest revision as of 02:39, 28 October 2011
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Devaluation [r]: A policy-induced downward adjustment to a country's currency exchange rate. The term is normally applied to action to improve its international competitiveness, taken by a country that operates a nominally fixed exchange rate regime.